Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
1. Identity of the issuer or the underlying issuer                        F&C Commercial
of existing shares to which voting rights are                     Property Trust Limited
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):  Restatement of notification following completion of Aviva     X
                         plc's acquisition of Friends Life Group Ltd                    
                                                                                        
3. Full name of person(s)                                                               
subject to the            Aviva plc & its subsidiaries                                  
notification obligation:                                                                
iii                                                                                     
                                                                                        
                          Registered Holder:                                            
                                                                                        
                          Available upon request                     1,501,098*         

                          BNY Norwich Union Nominees Limited         156,553*           
                                                                                        
                          Chase (GA Group) Nominees Limited          1,682,135*         
                                                                                        
                          Friends Life Limited                       173,561,262*       
                                            
4. Full name of           London Capital Holdings Limited            275,950*   
shareholder(s)                                                                          
 (if different from 3.):  St Christopher's Place Limited             3,822,800* 
iv                                                                                      
                          Vidacos Nominees Limited                   22,430*            
                                                 
                                             *denotes direct interest                   
                                                                                        
                          Chase Nominees Limited                     102,821            
                                           
                          Vidacos Nominees Limited                   182,956             
                                          
                                                                                        
                                                                                        
                                                                                        
5. Date of the                                                                          
transaction and date on   27/06/2014 - Date of original notification                    
which the threshold is                                                                  
crossed or                13/04/2015 - Aviva plc acquisition of Friends Life Group Ltd  
reached: v                                                                              
                                                                                        
6. Date on which issuer   15/04/2015                                                    
notified:                                                                               
                                                                                        
7. Threshold(s) that is/  Restatement of Friends Life Group Ltd holding of 24.96%, dated
are crossed or            27/06/2014                                                    
reached: vi, vii                                                                        
                                                                                        

 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type of Situation previous      Resulting situation after the triggering          
shares        to the triggering       transaction                                       
              transaction                                                               
                                                                                        
if possible   Number      Number      Number      Number of voting      % of  voting    
using         of          of          of shares   rights                rights x        
the ISIN CODE Shares      Voting                                                        
                          Rights      Direct      Direct xi   Indirect  Direct Indirect 
                                                              xii                       
Ordinary                                                                                
Shares                                                                                  
              189,378,871 189,378,871 181,308,005 181,022,228 285,777   22.65% 0.03%    
                                              
GG00B4ZPCJ00                                                                            
                                                                                        


B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of financial  Expiration Exercise/              Number of voting       % of voting 
instrument         date xiii  Conversion Period xiv  rights that may be     rights      
                                                     acquired if the                    
                                                     instrument is                      
                                                     exercised/ converted.              
                                                                                        
    

C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of    Exercise Expiration   Exercise/     Number of voting rights   % of voting    
financial  price    date xvii    Conversion    instrument refers to      rights xix, xx 
instrument                       period xviii                                           
                                                                                        
                                                                         Nominal   Delta
    
 

Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                  Percentage of voting rights                    
                                                                                        
181,308,005                              22.68%                                         
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
The voting rights are managed and controlled by Aviva Investors Global Services         
Limited, Friends Life Group Limited andFriends Provident International Limited,         
with the following chains of controlled undertakings:-                                  
                                                                                        
- Aviva Investors Global Services Limited:                                                
                                                                                        
- Aviva plc (Parent Company)                                                              
                                                                                        
- Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)                     
                                                                                        
- Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group                
  Holdings Limited)                                                                       
                                                                                        
- Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva               
  Investors Holdings Limited)                                                             
                                                                                        

Friends Life Group Limited:                                                             
                                                                                        
- Aviva plc (Parent Company)                                                              
                                                                                        
- Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)                     
                                                                                        
- Friends Life Group Limited (wholly owned subsidiary of Aviva Group Holdings             
  Limited)                                                                                
                                                                                        

Friends Provident International Limited:                                                
                                                                                        
- Aviva plc (Parent Company)                                                              
                                                                                        
- Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)                     
                                                                                        
- Aviva Life Holdings UK Limited (wholly owned subsidiary of Aviva Group Holdings         
  Limited)                                                                                
                                                                                        
- Friends Life FPG Limited (wholly owned subsidiary of Aviva Life Holdings UK             
  Limited)                                                                                
                                                                                        
- Friends Life FPL Limited (wholly owned subsidiary of Friends Life FPG Limited)          
                                                                                        
- Friends Life Limited (wholly owned subsidiary of Friends Life FPL Limited)              
                                                                                        
- Friends Life and Pensions Limited (wholly owned subsidiary of Friends Life              
  Limited)                                                                                
                                                                                        
- Friends Provident International Limited (wholly owned subsidiary of Friends             
  Life and Pensions Limited)                                                              
                                                                                        
                                                                                       
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                       See Section 4                       
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:   Figures are based on a total number of voting rights of   
                              799,366,108, as per the Company's Total Voting Rights     
                              announcement of 1st October 2014.                         
                                                                                        
                                                                                        
                                                                                        
14. Contact name:             Neil Whittaker, Aviva plc                                 
                                                                                        
15. Contact telephone number: 01603 684420